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UK: Travel tech company eviivo has announced an update to its Owner Management functionality feature with the aim of reducing the amount of time that property management companies (PMC’s) spend on financial statements.
The update aims to cut down on the manual time spent on producing financial statements each month by bringing operational costs and owner communications directly into the PMS.
The feature includes customisable owner statements, combining booking revenue and management fees with standalone operational charges.
It also consolidates cost types into a single automated reporting framework with the aim of supporting recurring and one-off charges.
The company said it has also introduced a secure owner portal, providing owners on-demand access to their statements.
Jake Ryan, owner of PMC Book Hocking said: “We’ve cut the time spent preparing owner statements by five-fold. There has been far less rework, and we’re able to give owners much clearer visibility into their costs and returns.”
Highlights:
- evivvo has updated its Owner Management functionality feature.
- The update is designed to reduce the amount of time that PMCs spend on producing owner financial statements.
- The update aims to combine trust accounting, OTA reconciliation and customisable owner statements with eviivo to help automate reporting.
